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Excess tax paid
service tax for the period april to September paid excess. actually there was a cenvat credit which was not presented on time. so tax paid. now while uploading return onling it does not provide excess amount paid in return. how should was adjust that excess payment for next half.
Replies (2)
Dear Sarmishta, if valid invoice for input service is received after payment of tax, avail the credit in the return but do not utilize the same. You may carry forward the CENVAT Credit in current return and the same can be utilized in subsequent return/s. There is no time limit prescribed for availing and utilizing the credit.
You can utilize your CENVAT credit against service tax liability of next quarter. If CENVAT credit pertain to same period than you should revise return because balance of CENVAT will be mismatched in next quarter.
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